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Intangible Capital and Productivity : An Exploration on a Panel of Italian Manufacturing Firms
Bontempi, Maria Elena - 2008
The paper examines the size and productivity of total intangible capital relative to total tangible capital for a large …
Persistent link: https://www.econbiz.de/10012464537
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Why Did U.S. Market Hours Boom in the 1990s?
McGrattan, Ellen - 2006
understanding the movements in hours and productivity. Expensed investments are expenditures that increase future profits but, by … progress during the 1990s, causing a boom in market hours and actual productivity …
Persistent link: https://www.econbiz.de/10012466623
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Intangible Capital and Economic Growth
Corrado, Carol A. - 2006
becomes the unambiguously dominant source of growth in labor productivity. The role of multifactor productivity is …
Persistent link: https://www.econbiz.de/10012466723
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Innovation and Market Value
Hall, Bronwyn H. - 1999
Recent research on financial market valuation of the knowledge assets of publicly traded firms is surveyed. The motivation for using a market value equation to price knowledge assets is discussed and the theory behind this equation is briefly presented. Then the empirical literature that relates...
Persistent link: https://www.econbiz.de/10012471824
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Rents and Intangible Capital : A Q+ Framework
Crouzet, Nicolas; Eberly, Janice C. - National Bureau of Economic Research - 2021
In recent years, US investment has been lackluster, despite rising valuations. Key explanations include growing rents and growing intangibles. We propose and estimate a framework to quantify their roles. The gap between valuations -- reflected in average Q -- and investment -- reflected in...
Persistent link: https://www.econbiz.de/10012599278
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Household Innovation, R&D, and New Measures of Intangible Capital
Sichel, Daniel - 2019
Household R&D (or household innovation) is an important source of innovation that has to date been largely overlooked in research related to national accounts. Indeed, it is not currently counted as investment in the literatures on household production and human capital. This paper develops time...
Persistent link: https://www.econbiz.de/10012479552
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Understanding Weak Capital Investment : the Role of Market Concentration and Intangibles
Crouzet, Nicolas - 2019
least two drivers of rising concentration: market power and productivity gains. Productivity gains derived from intangibles …
Persistent link: https://www.econbiz.de/10012479818
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Measuring Intangible Capital with Market Prices
Ewens, Michael - 2019
Existing standards prohibit disclosures of internally created intangible capital to firm balance sheets, resulting in a downward bias of reported assets. To characterize off-balance sheet intangible assets, we use transaction prices to estimate this missing intangible capital. On average, our...
Persistent link: https://www.econbiz.de/10012479910
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The Productivity J-Curve : How Intangibles Complement General Purpose Technologies
Brynjolfsson, Erik - 2018
how this leads to an underestimation of productivity growth in the early years of a new GPT, and how later, when the … benefits of intangible investments are harvested, productivity growth will be overestimated. Our model generates a Productivity … J-Curve that can explain the productivity slowdowns often accompanying the advent of GPTs, as well as the increase in …
Persistent link: https://www.econbiz.de/10012480800
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Factor Incomes in Global Value Chains : The Role of Intangibles
Chen, Wen - 2018
Recent studies document a decline in the share of labour and a simultaneous increase in the share of residual ('factorless') income in national GDP. We argue the need for study of factor incomes in cross-border production to complement country studies. We define a GVC production function that...
Persistent link: https://www.econbiz.de/10012480893